Hycroft Mining (HYMC) Corporate presentation summary

Key investment highlights

• Substantial gold and silver resource in a Tier 1 jurisdiction, with a new high-grade discovery and initial resource defined at Vortex and Brimstone.

• Resource increased by approximately 55% (measured and indicated) since 2023, now totaling 16.41 million oz gold (M&I) and 562.57 million oz silver (M&I) as of 2026.

• High-grade silver domains identified, with significant intercepts such as 18.2m at 1,987 g/t Ag and 0.9m at 10,289 g/t Ag at Brimstone.

• Cash position of ~$192M as of April 27, 2026, with no debt.

• Board and management team with a proven track record in mine development and operations.

Resource growth and benchmarking

• Gold resource (M&I) increased 55% to 16.41 Moz; inferred gold resource at 5.03 Moz.

• Silver resource (M&I) increased 56% to 562.57 Moz; inferred silver resource at 132.84 Moz.

• Gold equivalent resource (M&I) up 51% to 22.94 Moz; silver equivalent resource (M&I) up 67% to 2.0 billion oz.

• Among the largest silver projects globally, with resources exceeding most peers.

• Resource per share and enterprise value/resource metrics compare favorably to industry medians.

Exploration and development progress

• 2025–2026 drill program targets expansion of high-grade silver systems at Vortex and Brimstone, with up to five rigs planned.

• High-grade mineralization remains open along trend and at depth, with both open pit and underground mining optionality.

• Ongoing technical studies for sulfide milling, heap leach restart assessment, and trade-off studies between roaster and POX.

• Less than 10% of the 64,000-acre land package has been explored, indicating significant upside potential.